Aevo Market Overview: Bullish Momentum and Volatility Expansion on AEVOUSDT

• Price surged past 0.0914 resistance, reaching 0.0937 on a bullish breakout.
• Volume spiked to 649,064.91 at the close, confirming strong buying interest.
• RSI hit overbought territory, suggesting potential near-term profit-taking.
• Bollinger Band expansion indicates heightened volatility in late trading.
• Fibonacci 61.8% level at 0.0927 offers key resistance ahead.

Aevo (AEVOUSDT) opened at 0.0906 on 2025-08-05 12:00 ET, surged to a high of 0.0937, fell to a low of 0.0887, and closed at 0.0911 as of 2025-08-06 12:00 ET. The total traded volume was 6,955,110.89, and turnover reached 628,601.77 USD over the past 24 hours, showing strong liquidity and accumulation.

Structure & Formations

The 24-hour chart displayed a clear bullish breakout from a consolidation phase, forming a rising wedge and a bullish flag pattern in the last few hours. Key support levels appear at 0.0901 (tested multiple times) and 0.0890, while resistance levels at 0.0915 and 0.0927 have seen strong price rejection and retesting. A notable bearish engulfing candle appeared at 0.0906 on 2025-08-05 22:00 ET, but this was quickly reversed by bullish follow-through.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are aligned to the upside, with the 50SMA crossing above the 20SMA in the final hours — forming a potential golden cross. Daily averages (50, 100, and 200) are all trending upwards, indicating a strong short- to mid-term bullish bias. Prices remain well above all three, reinforcing the continuation of the uptrend.

MACD & RSI

MACD lines showed positive divergence, confirming the strength of the recent rally. The RSI closed near 73, entering overbought territory, suggesting that traders may be positioning for a pullback or consolidation phase. However, the prolonged bullish move has not shown signs of waning momentum, despite the overbought reading.

Bollinger Bands

Bollinger Bands expanded significantly during the final hours of the 24-hour period, signaling increased volatility. Prices closed near the upper band, reinforcing bullish pressure. This suggests that traders may expect a continuation of the move higher or a consolidation within the widening bands over the next 24 hours.

Volume & Turnover

Volume and turnover were both strong, especially in the final 6 hours. A sharp volume spike of over 649,000 occurred at 2025-08-06 16:00 ET, aligning with the price reaching the 0.0937 high. This volume surge confirms a strong conviction in the upward move. No significant divergence between price and volume was observed, supporting the continuation of the current trend.

Fibonacci Retracements

Fibonacci retracement levels from the key swing low of 0.0887 to the swing high of 0.0937 show the 61.8% level at 0.0927 as a critical resistance. This level is already being tested, and a break above it could target the 78.6% level at 0.0932–0.0936. On the downside, the 38.2% retracement at 0.0914 appears to be a strong support level that may offer a buffer if the pair pulls back.

Aevo appears to be in a strong bullish phase, with momentum and volume confirming the move higher. While the overbought RSI may lead to a short-term correction, the overall trend remains intact. Investors should watch the 0.0927–0.0937 zone closely, as a break above could open the door to new highs. As always, be mindful of market sentiment shifts and potential volatility in the next 24 hours.